Ana is married and has three grown children. She and her husband having been working in their business for 30 years. They distribute fruit and vegetables and they have a good location in one if the main marketplaces in another city, and it is well known. Ana dreams of continuing to offer the best to her loyal customers and to do that she has asked for the loan to buy fish for Holy Week which is soon. This way, in addition to what they already distribute, she can offer her customers a delicious product which is widely consumed in the area. All of this will increase her income and fill other needs that her children prize, such as family unity and well being that is better every day.
Ana es casada, con tres hijos mayores, junto con su esposo se han dedicado por 30 años al negocio donde distribuyen frutas y verduras, el cual se encuentra muy bien ubicado en una de las principales plazas de mercado de otra ciudad, y ya es reconocido. Ana sueña con seguir brindando lo mejor a su fiel clientela y por ello solicita el dinero prestado para comprar abundante pescado para la temporada de Semana mayor que se acerca, ofreciendo a su clientela aparte de lo que ya distribuyen, un producto rico y que se consume en abundancia en la zona, todo esto le incrementará sus ingresos y satisfará otras necesidades que sus hijos apremian, dando como resultado que la unidad y bienestar familiar sea cada día mejor.
This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.